Recorded at the Mises Circle at Furman Universityon November 13th, 2010.
Recorded at the Mises Circle at Furman University, November 13th, 2010.
We've only had 294 failures this cycle, but it is a big deal: adjusted to current dollars, the Depression banking crisis was $100 billion, the S&L crisis was $923 billion, and the current crisis is nearly $8 trillion.
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Richard Cantillon saw the essence of the business-cycle problem long ago. When the government's national bank inflates the money supply by increasing the supply of banknotes, he writes, it reduces the rate of interest and can increase the price of stocks. This is a corrupt process.
